Expansion
Hong Kong’s OrbusNeich raises $200m
Hong Kong-based medical devices maker OrbusNeich Medical Group has raised about $200 million across two rounds featuring Shenzhen Capital Group and its Red Earth Healthcare Investment Fund.
Deal focus: Ekuaibao’s PaaS plus SaaS proposition
China-based reimbursement platform Ekuaibao has ambitions to lead the digital transformation of corporate finance. Early investor Future Capital continues to re-up as the story unfolds
Deal focus: Singapore's Doctor Anywhere raises $65m Series C
Doctor Anywhere’s omnichannel approach to digitizing Southeast Asian healthcare is luring investors with eyes on the pandemic’s most logical trend. Preserving a first-mover advantage is the challenge
Affirma backs India's Belstar Microfinance
Affirma Capital has contributed INR3 billion ($40.8 million) to a INR3.5 billion funding round for India’s Belstar Microfinance, supported by existing investors Muthoot Finance and Maj Invest.
China GPU chip designer Metax raises $155m
Shanghai-based Metax Integrated Circuits has raised RMB1 billion ($155 million) in a Series A funding round led by China Structural Reform Fund and China Internet Investment Fund. Existing investors including Matrix Partners China, CTC Capital, Sequoia...
China EV battery maker raises $1.5b
Svolt Energy Technology, formerly the battery manufacturing unit of Chinese automaker Great Wall Motor, has raised RMB10.28 billion ($1.5 billion) in a Series B funding round led by Bank of China Investment.
China cancer treatment specialist Ionova raises $100m
Tsing Song Capital, a Chinese healthcare-focused private equity firm, has led a $100 million round for Ionova Life Science, a local biotech player specializing in cancer treatments.
Tribe, Moore Strategic lead Series C for India's Khatabook
Tribe Capital and Moore Strategic Ventures have led a $100 million Series C round for Khatabook – an India-based bookkeeping app aimed at small merchants – at a valuation of $600 million.
SoftBank leads $154m Series D for China's Ekuaibao
Ekuaibao, a Chinese software-as-a-service (SaaS) provider specializing in corporate reimbursements, has raised RMB1 billion ($155 million) in Series D funding led by SoftBank Vision Fund 2.
ChrysCapital, True North join $150m Quest Global deal
ChrysCapital and True North Managers have participated in a $150 million investment for a minority stake in Quest Global, an Indian engineering services outsourcing company.
China comic platform Kuaikan raises $240m
Kuaikan, China’s largest publishing platform for comics, has raised $240 million from CCB International, Korean mobile app marketplace One Store, Tencent Holdings, Coatue Management, and Tiantu Capital.
Chinese investors join $400m round for Nigeria's Opay
Several Chinese investors have re-upped in a $400 million round – at a valuation of $2 billion – for Nigeria-based logistics and payments technology company Opay.
China's Deepexi raises $100m Series B
Deepexi, a Chinese start-up that provides digital transformation solutions to enterprise customers, has raised $100 million in a Series B funding round led by Guotai Junan Securities and an investment arm of China Industrial International Trust Asset...
China gas station platform Newlink raises $308m
Newlink Group, operator of a platform that helps drivers in China locate the best value gas stations and charging piles, has raised RMB2 billion ($308 million) led by China Merchants Capital.
Faering leads $40m Series C for India fintech start-up
Indian private equity firm Faering Capital has led a $40 million Series C round for stock trading and thematic portfolio platform Smallcase, with support from Amazon and Premji Invest.
Korea's Danggeun Market raises $162m at $2.7b valuation
DST Global has led a $162 million Series D round for Danggeun Market, operator of Korean flea market app Karrot, at a valuation of $2.7 billion.
China's PatPat gets $160m in Series D extension
PatPat, a Chinese-founded children’s wear brand, has raised $160 million from Softbank Vision Fund in a Series D round extension.
Vietnam's Mekong invests $10m in real estate portal
Mekong Capital has invested $10.2 million in Rever, a leading online-to-offline real estate brokerage business in Vietnam.
Affirma invests $100m in Korea cloud services provider
Affirma Capital has secured a third deal for its latest Korea fund, with an agreement to invest $100 million in Metanet T Platform, a local cloud managed service provider (MSP).
Asia fintech: Platform plays
Expansion is the dominant theme in financial technology as start-ups leverage existing assets to enter new verticals, typically in lending. Which ones will become Asia’s preeminent platforms?
India motorcycle taxi platform raises $52m
Indian motorcycle taxi platform Rapido has raised $52 million in Series C funding featuring the corporate VC arm of Shell.
Chinese AI diagnosis player Shukun raises $108m
Shukun, a Chinese developer of artificial intelligence (AI) technology used in medical imaging diagnosis, has raised RMB700 million ($108 million) from Goldman Sachs, Primavera Capital Group, Sequoia Capital China, Marathon Venture Partners, and Sage...
Sofina, CDH wealth platform lead round for China's Petkit
Petkit, a Chinese manufacturer of smart devices for pets such as water and food dispensers, has raised $50 million in a Series D round of funding led by Sofina and CDH Investments' wealth management platform.
Affinity backs Singapore financial SaaS platform
Affinity Equity Partners has taken a joint controlling stake alongside management in Singapore-based technology-enabled financial services provider M-Daq, following an investment of approximately S$200 million ($148 million).